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Sempra Energy (SRE) Tops Q4 Earnings, Misses Sales Estimate
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Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance.
However, stringent government regulations and several operational risks remain potential setbacks.
Coming to the earnings surprise history, Sempra Energy has surpassed the Zacks Consensus Estimate in the last four quarters with an average positive beat of 13.49%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy’s earnings surpassed our earnings expectation for the company. Our consensus called for fourth-quarter EPS of $1.40, while the company reported adjusted EPS of $1.54.
Revenues: The company however missed the revenue expectation. Our consensus called for fourth-quarter revenues of $3,126 million, and the company reported revenues of $2,964 million.
Key Note: The company currently expects its 2018 earnings-per-share to remain in the band of $5.30-$5.80.
Check back later for our full write up on this SRE earnings report later!
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Sempra Energy (SRE) Tops Q4 Earnings, Misses Sales Estimate
Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance.
However, stringent government regulations and several operational risks remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Sempra Energy of $1.40 remained same over the past 7 days. The company currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coming to the earnings surprise history, Sempra Energy has surpassed the Zacks Consensus Estimate in the last four quarters with an average positive beat of 13.49%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy’s earnings surpassed our earnings expectation for the company. Our consensus called for fourth-quarter EPS of $1.40, while the company reported adjusted EPS of $1.54.
Revenues: The company however missed the revenue expectation. Our consensus called for fourth-quarter revenues of $3,126 million, and the company reported revenues of $2,964 million.
Sempra Energy Price and EPS Surprise
Sempra Energy Price and EPS Surprise | Sempra Energy Quote
Key Note: The company currently expects its 2018 earnings-per-share to remain in the band of $5.30-$5.80.
Check back later for our full write up on this SRE earnings report later!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>